Peichl, Andreas; Schaefer, Thilo; Scheicher, Christoph - In: Review of Income and Wealth 56 (2010) 3, pp. 597-619
In this paper, we define a new class of richness measures. In contrast to the often used headcount, these new measures are sensitive to changes in rich individuals' incomes and, therefore, allow for a more sophisticated analysis of richness. We demonstrate the application of these new measures...